My Nifty/Mini-Nifty Positional trade logs
- Thread starter summasumma
- Start date
All stochs went UP...
1531 entered > 80 zone...
Holding Long [email protected]: ...5450
Lets see if nifty attempt to touch that upper resistance line or not in next few trading days...
All stochs went UP...except 811 which is already rocking > 95.
Holding Long [email protected]: ...5584
(15,3,1) came down but still > 90.
(21,1,1)/(8,1,1) came down but still > 80 in OB zone.
All other stochs went UP.
Holding Long [email protected]: ...5616
Lot of ppl are thinking that this is the point where trend-reversal is happening(including me
).But our system atleast didn't give us EXIT signal(or SAR) now. So lets stick to the stochs plan and see whats coming...
In the case you have mentioned, there is no escape in this system. I have to bear the damage. Thats the price im paying for spending only last 5-10minutes in the trading day so as to help me in positional trading even when im working.
Im an individual who is working and can't trade fulltime/intraday. I still remember those days when i burnt my fingers trying to do fulltrime/intraday trading while doing my work(funny, isn't it ). Lateron, over the time i realized that there is no point of doing something which my position won't allow me to do and i can't become millionaire in short-time. Now I started feeling better than before in this way of trading...
But when i saw ur question i can can foresee that this stochastic method might dry my account in high volatile zigzag market due to the fact that im exiting in last 5mins when all the damages are done. This method works great in trending market(for that matter,any method, i guess) in NF. But for sideways movements, im still working on a way(using past-data) to come out of position with lesser loss atleast so that overall performance will be better.
Im an individual who is working and can't trade fulltime/intraday. I still remember those days when i burnt my fingers trying to do fulltrime/intraday trading while doing my work(funny, isn't it
). Lateron, over the time i realized that there is no point of doing something which my position won't allow me to do and i can't become millionaire in short-time. Now I started feeling better than before in this way of trading...But when i saw ur question i can can foresee that this stochastic method might dry my account in high volatile zigzag market due to the fact that im exiting in last 5mins when all the damages are done. This method works great in trending market(for that matter,any method, i guess) in NF. But for sideways movements, im still working on a way(using past-data) to come out of position with lesser loss atleast so that overall performance will be better.
In the case you have mentioned, there is no escape in this system. I have to bear the damage. Thats the price im paying for spending only last 5-10minutes in the trading day so as to help me in positional trading even when im working.
Im an individual who is working and can't trade fulltime/intraday. I still remember those days when i burnt my fingers trying to do fulltrime/intraday trading while doing my work(funny, isn't it ). Lateron, over the time i realized that there is no point of doing something which my position won't allow me to do and i can't become millionaire in short-time. Now I started feeling better than before in this way of trading...
But when i saw ur question i can can foresee that this stochastic method might dry my account in high volatile zigzag market due to the fact that im exiting in last 5mins when all the damages are done. This method works great in trending market(for that matter,any method, i guess) in NF. But for sideways movements, im still working on a way(using past-data) to come out of position with lesser loss atleast so that overall performance will be better.
Im an individual who is working and can't trade fulltime/intraday. I still remember those days when i burnt my fingers trying to do fulltrime/intraday trading while doing my work(funny, isn't it
). Lateron, over the time i realized that there is no point of doing something which my position won't allow me to do and i can't become millionaire in short-time. Now I started feeling better than before in this way of trading...But when i saw ur question i can can foresee that this stochastic method might dry my account in high volatile zigzag market due to the fact that im exiting in last 5mins when all the damages are done. This method works great in trending market(for that matter,any method, i guess) in NF. But for sideways movements, im still working on a way(using past-data) to come out of position with lesser loss atleast so that overall performance will be better.
Strangle is the exact thing im working on to handle sideways market.
Btwn strangle works best when its 1 sided-move(i believe). Previously i used to go long in strangle and wait for big move in 1 direction. But due to market zigzag movements within a range eats my premium and eventually in loss.
Now started thinking that earning money in options is best done by eating its premium using time-decay and thus thinking about short-strangle in sideways move.
Also I don't go with events like elections etc...and always look only technicals. Thus i am trying to foresee the sideways market using:
- distance between (21,1,1) and (8,1,1)
- distance between (32,9,1) and (21,9,1)
- flat movement of (32,9,1)
Btwn strangle works best when its 1 sided-move(i believe). Previously i used to go long in strangle and wait for big move in 1 direction. But due to market zigzag movements within a range eats my premium and eventually in loss.
Now started thinking that earning money in options is best done by eating its premium using time-decay and thus thinking about short-strangle in sideways move.
Also I don't go with events like elections etc...and always look only technicals. Thus i am trying to foresee the sideways market using:
- distance between (21,1,1) and (8,1,1)
- distance between (32,9,1) and (21,9,1)
- flat movement of (32,9,1)
15,3,1 went down but still > 90
811, 2111 came down but still > 80
The remaining stochs showing steady UP move till now.
Holding Long [email protected]: ...5612
Point is, down move will be obvious only when the fast-stochs 811,2111 making a strong down move and comes out of OB zone. Not like the weak move it gave today where both came down by 1-2 points. This strong move might happen tomorrow also in which case i might lose some points.
Similar requirement is there for (15,3,1) also where it needs to cross down 3291, 2191(or atleast on of them from above). If you have noticed, (15,3,1) stochs is almost a direct replication of nifty price movement.
| Thread starter | Similar threads | Forum | Replies | Date |
|---|---|---|---|---|
| A | Charting Software with Nifty IEOD data for minimum 6 months | Data Feeds | 0 | |
|
What happened to MINIFTY | Derivatives | 5 | |
| A | mininifty | Introductions | 0 | |
|
Nifty, BankNifty, Minifty futs EOD data since 2005 | End of Day | 5 | |
| G | Trading Diary Mininifty | Trading Diary | 12 |
Similar threads
-
Charting Software with Nifty IEOD data for minimum 6 months
- Started by ankja2007
- Replies: 0
-
-
-
-